Bond Outlook [by bridport & cie, April 26th 2006]
We at bridport have long been advocating the USD as a fundamentally overvalued currency. This opinion is based on the perceived frailty of the two economic fault lines that have to date been providing artificial support to the USD: the US housing bubble and Chinese support of the USD. Certainly we have not been alone in voicing these concerns and like others have been premature in sounding the death knell for the greenback. |
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